Home / Knowledge / News / Apparel/Garments / India's restriction on cotton export to impact RMG sector
India's restriction on cotton export to impact RMG sector
27
Apr '10
Restrictions on cotton exports in India brought cotton imports through Benapole Land Port to a standstill. During past six days, this port witnessed import of just 29,128 cotton bales.

This restriction has threatened Bangladeshi textile sector as it can affect the spinning mills in the country. It will lead to increase in the prices of yarn in Bangladesh and ultimately will take its toll on yarn exports.

From India, Bangladesh imports around 30 percent of its overall cotton import requirement. In the current cotton season, cotton exports of India witnessed boost due to strong demand from China and Bangladesh.

So far, about 60 percent of India's cotton exports have been shipped to China. The contract registration for cotton exports has been stopped from April 19, while export suspension order also came in effect from the same day and will be in effect till further notice.

India imposed restriction on cotton export with a purpose of holding on to the cotton harvested in the country as well as to alleviate domestic cotton prices, which have mounted up by over 25 percent from the month of October.

Bangladeshi garment industry will take a hit from this restriction as spinners will need to pay out more money to import cotton from other countries. Bangladesh requires 4 million cotton bales per year which it imports from the countries, including Uzbekistan, Russia, USA and India.

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 25th Jun 2017

Half of 7,000 new apparel online each day target women

Adobe has released its first Digital Price Index for apparels,...

Textiles | On 25th Jun 2017

First Insight, Chico's FAS enter partnership

First Insight, a technology company transforming how retailers make...

Apparel/Garments | On 25th Jun 2017

Expand changing use of social and web resources

With over 400 million impressions to date and web traffic of over two ...

Interviews View All

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search